#ETF #crypto #SEC

As of mid-June 2025, the cryptocurrency ETF landscape is rapidly evolving, with numerous digital assets under consideration for exchange-traded funds (ETFs). Here’s an overview of the most prominent cryptocurrencies poised for ETF approval:

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✅ Approved or Near-Approval ETFs

• Bitcoin (BTC) & Ethereum (ETH): Both have established spot ETFs trading in the U.S. since early 2024. Recently, Trump Media filed for a mixed ETF allocating 75% to Bitcoin and 25% to Ethereum, with Crypto.com as the execution agent.

• XRP: Purpose Investments has announced plans to launch a spot XRP ETF, leading to a 7% surge in XRP’s price. Additionally, Grayscale is preparing to launch an XRP fund, which analysts predict may debut before Solana’s ETF.

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🔄 Pending ETF Applications

• Solana (SOL): Eight major firms, including CoinShares, 21Shares, and VanEck, have filed or amended applications for Solana ETFs. These proposals are currently under SEC review, with decisions anticipated later in 2025.

• Litecoin (LTC): Analysts estimate a 90% probability of ETF approval for Litecoin, given its classification as a commodity rather than a security. 

• Dogecoin (DOGE): 21Shares and Bitwise have submitted filings for Dogecoin ETFs. While the SEC has postponed decisions, approvals are expected by early 2026.

• Cardano (ADA): Grayscale has filed to convert its Cardano Trust into a spot ETF, with a final decision expected by October 2025.

• Hedera (HBAR): Although not as prominent as others, Hedera is among the cryptocurrencies with ETF applications under SEC consideration.

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📊 Market Outlook

Currently, over 70 crypto-related ETFs are awaiting SEC approval, encompassing a diverse range of assets from established cryptocurrencies like XRP and Solana to more speculative tokens. The regulatory environment is becoming more favorable, especially under the current U.S. administration, which has shown increased support for digital assets.